Tel number : 1(888)879-3087
← Global Warming - A Cause of Climate ChangeE-Business →

Role of the Internet on Global Market

Buy custom Role of the Internet on Global Market essay

Role of the Internet on Global Market

The Internet has a great impact on both social and economic aspects of life. The global market is influenced by the internet in various ways. The use of e-commerce website helps to link customers with the suppliers, thus enabling transaction through the internet. In addition, the site provides a range of other services which include fixing prices, coordination as well as processing of transaction, monitoring, and managing stock in some instances. The internet transaction is defined as purchase or sale of services as well as goods which occur between households, businesses, governments, individuals or other private or public organizations and which take place through the internet. With the help of the internet, one can order goods. At the same time, payment and delivery of these goods, as well as services, can be conducted through the internet. E-commerce is also involved in facilitation of payment.

Bank institutions rely on e-commerce to conduct their business. They do this through the use of MasterCard and Visa. Other payments, such as PayPal, that are done outside the bank also utilize the internet. Banks serve all individuals who rely on retail payment online. Credit cards are used for online payment in most countries which are the members of Organization for Economic Cooperation and Development (OECD). Online and banking-based payments are the part of the internet operations. This form of payment  becomes very popular, especially in Europe. The bank in this case is the payment authority. There has been growth in global market owing to the use of the internet. In 2009, for example, more than 80% of retail transactions that were e-commerce and done across Europe resulted from the use of credit cards.

Electronic market is another advantage which changed the way of conducting the business. The internet is used to provide sales of new as well as used merchandise electronically. In most cases, this is done on the basis of auction. Consequently, there is an increased sale of both durable and non-durable goods

            The use of social media, such as Facebook and Twitter, has also contributed to the global market. There are over 1.6 million pages on Facebook which are active. Its fan stands at 5.3 billion. Businesses have been utilizing worldwide the opportunity available in Facebook and other social media to market their products. This has made them increase the sales. Social media act as a bridge between customers and sellers. There was a wide use of social media in US having an increase of about 25% in 2010. Marketers can easily reach the customers as almost all social media sites are free of charge. The Use of the internet has made business faster. There has been a revolution in business. Moreover, the internet replaces memos, faxes, and phone calls. Collaboration between businesses both locally and internationally is easier now. Market barriers owe also the use  of the internet.

Buyers can now get their products at an affordable price, and this is possible due to the use of social media as well as the internet. They are able to choose the products on sale. Many companies currently have websites, thus informing the individuals about the market price . The internet helped to reduce the cost of marketing for various products as well as to increase the market . In both India and Indonesia, the use of social media has led to the rise in marketing of goods and services. Social network in the two countries achieved a growth of about 51.4% in India and 51.5 in Indonesia in 2011, while both in US and UK this growth is very low comprising less than 10% in each country. One strategy which is used when a country faces financial crises is the social network. It has been proved to improve the market, .

            In conclusion, global business can never be possible without the use of internet. In future, it is expected that most business transactions will be done online.


Related essays
  1. E-Business
  2. Business Statistics
  3. Global Warming - A Cause of Climate Change
Order Now
What our customers say

I was very happy to find your website because I could be late with my essay submission. Your managers are so friendly and writers are so professional that I was stunned! Your writer coped with my order so quickly that I met my deadline and got a good grade for my essay. Thank you so much for your fast help!

Monica, USA

I got an essay which was perfectly written and delivered on time. Thank you for your hard work!

Linda, USA

I was at a loss because my professor gave me a very complicated assignment. I once visited your website and decided to try using your services. I was very impressed with the paper you sent me only in 6 hours! You saved my grade! Thank you!

John, UK

This writing team is great. I came across this website several months ago when I had to write my research paper. It was something terrible, as I had no idea what to start with. However, the writer who was assigned to my paper was a real expert. My professor said that my work was one of the best in the class. Now, I always order my papers here, since they provide authentic content.

Aaron, WI

I am completely satisfied with the writing projects this agency delivers to me. Their writers are very responsible. As to the customer department, they always explain everything politely. The most important is that I do not need to wait to get my questions answered.

Jim, PA

I advise every overloaded student to use this service. The support agents are real professionals.

Lucas, SC

Why suffer from daunting assignments if it is possible to hire a professional writer? I was very lucky to find this company. My writer has been created interesting and though-provoking papers for me. Owing to the received projects, I have understood that writing papers is a real art that demands mastery. Thanks for helping me improve my writing skills!

Rita, FL

Thanks! I will contact you again!

Dylan, CA

I have been using this service for several years. They always give me professional assistance in creating and editing my papers. Throughout the years of our cooperation, I have never received my orders late. If I have any questions, I address the support team. I always get immediate answers to my questions. I will continue using this great service!

Jordan, FL

Excellent customer support representatives! Thanks for a great service!

Amanda, OH

Your support team is outstanding! Thanks for great patience and timely answers!

Martin, FL
What our customers say What our customers say